Economics

Whatever economics knowledge you demand, these resources and study guides will supply. Discover simple explanations of macroeconomics and microeconomics concepts to help you make sense of the world.

  • Close up of the Back of a New British Twenty Pound Note showing Adam Smith's head.
    What Is Classical Liberalism? Definition and Examples
  • Hand flips a dice and changes the word "Socialism" to "Capitalism", or vice versa.
    Socialism vs. Capitalism: What Is the Difference?
  • Collage of uncertainty forecasting global currency
    What Is Free Trade? Definition, Theories, Pros, and Cons
  • Superhero opening shirt and revealing piggy bank logo
    What Is Disposable Income? Definition and Examples
  • Number One
    What Does Unity Mean in Mathematics?
  • Kuznets Curve
    Essential Economics Terms: Kuznets Curve
  • 'John Wood Approaching Bombay', c1850. Artist: Joseph Heard
    The Dutch East India Company
  • Online delivery of goods and services
    What Is Derived Demand? Definition and Examples
  • Views and People of Havana, Cuba
    Command Economy Definition, Characteristics, Pros and Cons
  • Woman using a tablet to enter credit card numbers
    Are Credit Cards a Form Of Money?
  • Economics textbooks
    Books to Study Before Going to Graduate School in Economics
  • Businessman with graph on screen
    What Is Panel Data?
  • Glowing lights and young woman using smartphone
    What Is a Discount Factor?
  • Metal globe resting on paper currency
    Economics for Beginners: Understanding the Basics
  • Graphic depiction of rising and falling interest rates superimposed on the world.
    Calculating and Understanding Real Interest Rates
  • Different types of paper currency
    The Future of Money
  • Interest rates will vary based on their tax treatment
    The Fisher Effect
  • $1000 denomination US Savings Bonds
    Understanding Term Spreads or Interest Rate Spreads
  • Shipping containers in an international port
    The Economic Effect of Tariffs
  • The Great Depression
    The Government's Role in the Economy
  • Human hand giving paper money to iron clip with conveyor belt depicting investment
    Understanding Subsidy Benefit, Cost, and Market Effect
  • Dollar bill under microscope
    The Short Run vs. the Long Run in Microeconomics
  • Women working in factory during WWII
    Are Wars Good for the Economy?
  • female college student studying
    Good Reasons to Study Economics
  • Spending money at the gas pump
    Price Elasticity of Demand for Gasoline
  • Shopping Cart In Warehouse Shopping Center
    All About the Two-Part Tariff
  • Two women making butter in dairy
    How to Graph and Read the Production Possibilities Frontier
  • Bureau Of Engraving And Printing Prints New Anti-Counterfeit 100 Dollar Bills
    Understanding Economics: Why Does Paper Money Have Value?
  • Tesla assembly line
    The Short Run and the Long Run in Economics
  • A man bending over backwards with money paraphernalia
    How Money Supply and Demand Determine Nominal Interest Rates
  • Value-Added-GDP formula
    Calculating Gross Domestic Product Using Value-Added Approach
  • Smoke Billowing From Industrial Plant
    Introduction to the Coase Theorem
  • Scales and money
    Positive Versus Normative Analysis in Economics
  • Chrysler assembly line
    Returns to Scale and How to Calculate Them
  • Economic balance
    Expansionary vs. Contractionary Monetary Policy
  • supply and demand chart
    What Constitutes a Competitive Market?
  • Researcher analyzing results on computer
    What Are Natural Experiments and How Do Economists Use Them?
  • Circular Flow Model
    The Circular-Flow Model of the Economy
  • Beluga lentils on plate shaped like a world map with wooden spoon
    Absolute and Comparative Advantage
  • African-American businesswoman working on laptop in airport
    The Economics of Discrimination
  • Inflation
    Cost-Push Inflation vs. Demand-Pull Inflation
  • young woman studying
    Best Ways to Study for Economics Exams
  • Student working on problem
    Elasticity of Demand Practice Problem
  • A customer grocery shopping
    Quasiconcave Utility Functions
  • Slide
    Introduction to Price Supports
  • Woman purchasing produce from young man at outdoor market
    The Costs of Inflation
  • man holding wad of hundred dollar bills
    What Is Money?
  • Container ships are unloaded at the Port of Singapore. The Port of Singapore is the world's busiest port in terms of total shipping tonnage moving through it, and second only to Shanghai in terms of total cargo tonnage moved.
    The History of Singapore's Economic Development
  • Couple paying for purchase at furniture store
    Properties and Functions of Money as Currency vs. Wealth
  • Oil pumpjack
    Will the World's Supply of Oil Run Out?
  • A pile of 100 dollar bills
    The Quantity Theory of Money
  • Adam Smith statue
    Biography of Adam Smith, Founding Father of Economics
  • Western couple watching television at home oblivious to ragged children sewing carpet
    What Is Human Capital? Definition and Examples
  • Ascending line graph and list of share prices
    How to Calculate the 7 Cost Measures
  • Closeup of aspirin tablets spilling out of the bottle
    A Beginner's Guide to Elasticity: Price Elasticity of Demand
  • Bottles on production line in bottling pla... By:
    The Cobb-Douglas Production Function
  • Cashier taking customer credit card in wine store
    A Primer on Arc Elasticity
  • Presidential Seal on podium in front of The White House
    Presidential Elections and the Economy
  • Instrumental Variable Example: Effect of Tutoring
    Definition and Use of Instrumental Variables in Econometrics
  • Facade of houses in Brooklyn
    Why Deflation Doesn't Happen During a Recession
  • Men having discussion in office
    Understand the Economic Concept of a Budget Line
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